SEBI moves SC over Sahara's failure to sell properties

Market regulator Securities and Exchange Board of India, SEBI has moved Supreme Court over Sahara's failure to sell properties to repay investors. In its petition, the market regulator said it has received complaints from buyers that Sahara is not interested in selling its properties.SEBI a...

India's recent reform measures to accelerate growth: Moody's

Global rating agency, Moody's today said the recent reform measures by the government and the Reserve Bank are credit positive as they will accelerate growth, if successfully implemented. In a report released today, Moody's Investors Service also lauded the 'Make in India&...

Sugar output estimated to be 250.46 lakh ton during 2014-15<br/>

Sugar production is estimated to be 250.46 lakh tonnes during the current sugar season. The estimate has been arrived at on the basis of first advance estimates of sugarcane production released by Ministry of Agriculture and discussion with cane commissioners of States. An official release said the ...

India defers signing tax treaty at OECD

India has deferred signing the proposed pact named Competent Authority Agreement,CAA at Organization of Economic Cooperation and Development OECD at Berlin. The signature to the pact is required to follow international standards of confidentiality for information received relating to black money. Of...

51 countries sign pact in tax evasion crackdown; India defers

Fifty-one countries have signed an agreement to share financial data and boost efforts to crackdown on tax evasion. The standard agreed upon in Berlin yesterday was developed by the Organization for Economic Co-operation and Development , OECD, in consultation with the world&apos;s top 20 econom...

President invites Oman to join "Make in India" to build India as manufacturing hub

Oman has been invited to join the &quot;Make in India&quot; initiative to build India as the global hub of manufacturing. President Pranab Mukherjee has extended the invite to public and private companies from Oman when the visiting Commerce and Industry Minister of Oman, Dr Ali Bin Masoud A...

CCEA hikes wheat MSP by Rs 50 a quintal

Government has raised the Minimum Support Price (MSP) for wheat by Rs 50 to Rs 1,450 per quintal. It also hiked MSP of Barley by Rs 50, Gram by Rs 75 and masur by Rs 175 per quintal. It also hiked the MSP of mustard by Rs 50 per quintal and fixed it at Rs 3100 per quintal. Decisions in this regard w...

Govt relaxes FDI norms in construction sector

Government has relaxed norms for Foreign Direct Investment in construction sector allowing 100 per cent under automatic route. The decision was taken at a Cabinet meeting in New Delhi. Official sources said an investee company will be required to bring minimum FDI of USD 5 million within six months ...

Saudi Arabia assures India of all cooperation in hydrocarbon sector

Subsidized LPG price hiked by Rs 3 per cylinder

Subsidized cooking gas price has gone up by Rs 3 per cylinder following revision of dealers commission. Subsidized LPG in the national capital now costs Rs 417 per cylinder as against Rs 414 previously. The revised rates had become effective from 22nd of this month. In Mumbai, it costs Rs 452 as aga...